HomeMy WebLinkAboutORD 06 (2000)ORDINANCE NO. 06 (2000)
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR
AUTHORIZING AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY
COUNCIL OF THE CITY OF DIAMOND BAR AND THE BOARD OF
ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES RETIREMENT
SYSTEM.
The City Council of the City of Diamond Bar does ordain as follows:
Section 1. That an amendment to the contract between the City Council of the City of Diamond Bar and
the Board of Administration, California Public Employees' Retirement System is hereby authorized, a copy of
said amendment being attached hereto, marked Exhibit, and by such reference made part hereof as though
herein set out in full.
Section 2. The Mayor of the City of Diamond Bar is hereby authorized, empowered, and directed to
execute said amendment for and on behalf of said Agency.
Section 3. This Ordinance shall take effect 30 days after the date of its adoption with the contract
amendment effective the first day of the payroll period following the effective date of the Ordinance.
Section 4. The City Clerk shall certify to the adoption of this Ordinance, and the City Clerk shall cause
this Ordinance to be posted or published as prescribed by law.
PASSED, APPROVED AND ADOPTED THIS 5 th day of September , 2000
-1A�a-x. %t D
Mayor
I, Lynda Burgess, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing Ordinance was
introduced at a regular meeting of the City Council of the City of Diamond Bar held on the 15 th day of
August 200 and was finally passed at a regular meeting of the City Council of the City of Diamond Bar
held on the 5 t h day of September , 2000, by the following vote:
AYES: COUNCILMEMBERS: Chang, Herrera, Huff, MPT/Ansari,
M/O'Connor
NOES: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS None
ATTEST:
City dierk of the
City of Diamond Bar
California
Public Employees' Retirement System
EXHIBIT
AMENDMENT TO CONTRACT
Between the .
Board of Administration
California Public Employees' Retirement System
and the
City Council
City of Diamond Bar
The Board of Administration, California Public Employees' Retirement System,
hereinafter referred to as Board, and the governing body of the above public agency,
hereinafter referred to as Public Agency, having entered into a contract effective
November 18, 1989, and witnessed October 17, 1989, and as amended effective
September 26, 1998 which provides for participation of Public Agency in said System,
Board and Public Agency hereby agree as follows:
A. Paragraphs 1 through 10 are hereby stricken from said contract as executed
effective September 26, 1998, and hereby replaced by the following paragraphs
numbered 1 through 10 inclusive:
All words and terms used herein which are defined in the Public
Employees' Retirement Law shall have the meaning as defined therein
unless otherwise specifically provided. "Normal retirement age" shall
mean age 55 for local miscellaneous members.
2. Public Agency shall participate in the Public Employees' Retirement
System from and after November 18, 1989 making its employees as
hereinafter provided, members of said System subject to all provisions of
the Public Employees' Retirement Law except such as apply only on
election of a contracting agency and are not provided for herein and to all
amendments to said Law hereafter enacted except those, which by
express provisions thereof, apply only on the election of a contracting
agency.
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PLEASE DO NOT SIGN "EMBRI ONLY"
- 3. Employees of Public Agency in the following classes shall become
members of said Retirement System except such in each such class as
are excluded by law or this agreement:
a. Employees other than local safety members (herein referred to as
local miscellaneous members).
4. In addition to the classes of employees excluded from membership by
said Retirement Law, the following classes of employees shall not become
members of said Retirement System:
a. SAFETY EMPLOYEES.
5. The percentage of final compensation to be provided for each year of
credited prior and current service as a local miscellaneous member shall
be determined in accordance with Section 21354 of said Retirement Law
(2% at age 55 Full).
6. Public Agency elected and elects to be subject to the following optional
provisions:
a. Section 20356 (Extension of . Reciprocity Rights for Elective
Officers).
b. Section 20938 (Limit Prior Service to Members Employed on
Contract Date).
C. Section 21024 (Military Service Credit as Public Service), Statutes
of 1976.
d. Section 21574 (Fourth Level of 1959 Survivor Benefits).
7. Public Agency shall contribute to said Retirement System the contributions
determined by actuarial valuations of prior and future service liability with
respect to local miscellaneous members of said Retirement System.
8. Public Agency shall. also contribute to said Retirement System as follows:
a. Contributions required per covered member on account of the 1959
Survivor Benefits provided under Section 21574 of said Retirement
Law. (Subject to annual change.) In addition, all assets and
liabilities of Public Agency and its employees shall be pooled in a
single account, based on term insurance rates, for survivors of all
local miscellaneous members.
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b. A reasonable amount, as fixed by the Board, payable in one
installment within 60 days of date of contract to cover the costs of
administering said System as it affects the employees of Public
Agency, not including the costs of special valuations or of the
periodic investigation and valuations required by law.
C. A reasonable amount, as fixed by the Board, payable in one
installment as the occasions arise, to cover the costs of special
valuations on account of employees of Public Agency, and costs of
the periodic investigation and valuations required bylaw.
9. Contributions required of Public Agency and its employees shall be
subject to adjustment by Board on account of amendments to the Public
Employees' Retirement Law, and on account of the experience under the
Retirement System as determined by the periodic investigation and
valuation required by said Retirement Law.
10. Contributions required of Public Agency and its employees shall be paid
by Public Agency to the Retirement System within fifteen days after the
end of the period to which said contributions refer or as may be prescribed
by Board regulation. If more or less than the correct amount of
contributions is paid for any period, proper adjustment shall be made in
conriection with subsequent remittances. Adjustments on account of
errors in contributions required of any employee may be made by direct
payments between the g0ployee and the Board.
Jl�
B. This amendment shall be ctive on the _
BOARD OF ADMINISTRATI
PUBLIC EMPLOYEES' R EMENT SYSTEM
O't
BY .00
KENNETH W. MA N, CHIEF
ACTUARIAL & LOYER SERVICES DIVISION
PUBLIC EMPLO EES' RETIREMENT SYSTEM
AMENDMENT
PERS-CON-702A (Rev. 8196)
day of ,
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CITY COUNCIL
CITY OF DIAMOND
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BY t
PRESIDINGeF ICER
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Witn6ss Date
Attest:
Clerk